448
Repeal of Ordinance
No.11 of 1858,
and certain
sections of
No. 14 of 1845. Pawnbrokers' licences.
Licences to be granted by the Governor in Council.
Pawnbrokers
to carry on no
ORDINANCE No. 3 OF 1860.
Pawnbrokers.
No. 3 of 1860.
An Ordinance for amending and consolidating the Law respecting Pawnbrokers.
BE
[16th April, 1860.]
E it enacted and ordained by His Excellency the Governor of Hong-kong, with the advice of the Legislative Council thereof, as follows:-
1. Ordinance No. 11 of 1858 is hereby repealed, and also sections 17, 28, 29, and 30, of No. 14 of 1845, so far as the same concern or relate to pawnbrokers.
2. No person shall use or exercise the trade or business of a pawnbroker unless he be then the holder of a pawnbroker's licence.
3. Every such licence shall be granted by and at the discretion of His Excellency in Executive Council, on such conditions, touching fees or otherwise, as shall be deemed meet; and the same shall endure for one year only, but may be renewed at the like discretion from year to year.
4. No such pawnbroker shall, during the continuance of his said licence, carry on any other trade or occupation in his place of business as such pawnbroker, except that of pawnbroking, and the sale of pledges forfeited under the provisions of this Ordinance on the same premises.
Name and calling of pawnbroker to be painted over place of business.
Inspection of goods, books, &c.
Interest on loans.
5. He shall cause to be painted and kept painted in large and legible English letters and Chinese characters, over the door of his said place of business, his name at length, and after his name the word "Pawnbroker."
6. He shall, when soever thereunto required by the Superintendent of Police, or any Inspector of Police, or by any other member of the Police Force bearing a written order in that behalf under the hand of the Superintendent, produce for the inspection of the party so requiring him, all or any goods pledged or deposited with him, and all books and papers relating to the same.
7. Over and above the principal monies lent upon any goods pawned or pledged with the lender, he may demand, receive, and take from the person applying to redeem the said goods, before re-delivering the same, interest for the month, and every fractional part of a month, after such rate as shall have been agreed upon at the time of the making of the said loan; which said principal monies and interest shall be taken in satisfaction of all charges for or incident to the loan to which the same relate: Provided nevertheless, that the first month's interest shall be deemed to
448
Repeal of Ordinance
No.11 of 1858,
and certain
sections of
No. 14 of 1845. Pawnbrokers' licences.
Licences to be granted by the Governor in Council.
Pawnbrokers
to carry on no
ORDINANCE No. 3 OF 1860.
Pawnbrokers.
No. 3 of 1860.
An Ordinance for amending and consolidating the Law respect-
ing Pawnbrokers.
BE
[16th April, 1860.]
E it enacted and ordained by His Excellency the Governor of Hong- kong, with the advice of the Legislative Council thereof, as follows:- 1. Ordinance No. 11 of 1858 is hereby repealed, and also sections. 17, 28, 29, and 30, of No. 14 of 1845, so far as the same concern or relate to pawnbrokers.
2. No person shall use or exercise the trade or business of a pawn- broker unless he be then the holder of a pawnbroker's licence.
3. Every such licence shall be granted by and at the discretion of His Excellency in Executive Council, on such conditions, touching fees or otherwise, as shall be deemed meet; and the same shall endure for one year only, but may be renewed at the like discretion from
year to year. 4. No such pawnbroker shall, during the continuance of his said other trade on licence, carry on any other trade or occupation in his place of business as such pawnbroker, except that of pawnbroking, and the sale of pledges forfeited under the provisions of this Ordinance.
the same pre- mises.
Name and
calling of pawnbroker to be painted
over place of
business.
Inspection of goods, books, &c.
Interest on loans.
5. He shall cause to be painted and kept painted in large and legible English letters and Chinese characters, over the door of his said place of business, his name at length, and after his name the word "Pawnbroker."
6. He shall, when soever thereunto required by the Superintendent of Police, or any Inspector of Police, or by any other member of the Police Force bearing a written order in that behalf under the hand of the d Superintendent, produce for the inspection of the party so requiring him. all or any goods pledged or deposited with him, and all books and papers relating to the same.
7. Over and above the principal monies lent upon any goods, pawned pledged with the lender, he may demand, receive, and take from the person applying to redeem the said goods, before re-delivering the same, interest for the month, and every fractional part of a month, after such rate as shall have been agreed upon at the time of the making of the said
loan; which said principal monies and interest shall be taken in 6 satis-
faction of all charges for or incident to the loan to which the same relate: Provided nevertheless, that the first month's interest shall be deemed to
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